Category: All about GST

Last Date for filing GST Returns extended by Government

Business with turnover up to Rs. 1.5 Crore can now file their Goods and Services Tax (GST) Returns for the months of July-September till January 10, 2018

Read More
Crucial Last Date for filing various GST forms provided by GSTN

Form GST REG-26 i.e. application for enrollment of existing taxpayers: December 31, 2017.

Read More
GST Return Forms to be merged from triplicate to ease the procedure

The Goods and Services Tax (GST) Council to acknowledge merging the triplicate GST Return forms to assuage the procedure of filing returns.

Read More
25% hike GST cess on luxury cars after Government Approval

The Lok Sabha has recently approved a bill to hike Goods and Services Tax (GST) Cess on luxury cars from 15% to 25%.

Read More
The 13th amendment in the CGST Rules 2017 notified by CBEC

The Central Board of Excise and Customs (CBEC) has notified the 13th amendment in Central Goods and Services Tax (CGST) Rules

Read More
RERA and GST impact: Corporate housing societies to be high-priced

The outbreak of RERA and GST is likely to elevate the prices of corporate housing societies as registration process need to be completed under RERA and GST.

Read More
Refund application in GST regime is unevolved than VAT

Goods and Services Tax (GST) was enforced this year in July. Since there was no proper infrastructure to support the GST regime

Read More
RERA, GST pull down Home Loan Growth

Home loan interest rates have dipped, but buyers’ sentiments have not improved, data shows, leading to a sharp fall in home loan growth.

Read More
GST TRANS-2 Forms are now available on GST Portal

GST TRANS-2 FormsThe unregistered taxpayers under the GST law have been provided with a facility to fill form GST TRANS-2 on GST Portal.

Read More
Decision on e-way bill as on 24th GST Council Meeting

24th GST Council meeting that held on 16/12/2017 through video conference about the implementation of e-way bill system across the country.

Read More
Data scan to be planned by GST Network to identify tax fugitive

The IT backbone of GST regime is planning to initiate the process of mining data to detect tax evasion and analyze taxpayer behaviour.

Read More
GST relief for home buyers; realtors warned

In major relief to property buyers, especially apartments, Goods and Sales Tax (GST) authorities have warned realtors and construction companies

Read More
NHB pitches for lowering GST rate for affordable housing

NHB is in talks with the authorities to lower the effective GST rate from current 12% after factoring the lowering of land prices that could ease the tax burden and help in prop up residential sales

Read More
GST-FAQ’s Functionality will be introduced in return Dashboard

Goods and services tax network (GSTN) said it has introduced a functionality which simplifies the returns filing process for taxpayers. “A new functionality has been introduced on the GST portal for ease of the taxpayers under which questions will be posed as soon as the taxpayer enters the Returns dashboard and only relevant tiles will … Continue reading “GST-FAQ’s Functionality will be introduced in return Dashboard”

Read More
Revise Trans-1 by 27th December to ensure bonafide credit claimed

The finance ministry on Tuesday urged businesses to revise any wrongful claim of tax credits from the previous indirect tax regime saying that “extraordinarily high” claims unsettles the trust between firms and the tax authorities. In a statement, the ministry warned that assessees who have erroneously claimed tax credit from the previous regime should correct … Continue reading “Revise Trans-1 by 27th December to ensure bonafide credit claimed”

Read More